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Cannabis stocks bounced back last week on hopes sprung by a reported Republican-led legalization effort. A report by Marijuana Moment stated that cannabis would be treated similar to alcohol, and raw cannabis would be considered as an agricultural commodity regulated by the U.S. Department of Agriculture (USDA). Both U.S. and Canadian cannabis stocks have skyrocketed on legalization hopes. Indeed, investors’ interest in the cannabis industry is evidenced by the AdvisorShares Trust – AdvisorShares Pure Cannabis ETF’s (YOLO) 17.5% returns over the past year.
Cannabis stocks Sundial Growers Inc . (SNDL), Aurora Cannabis Inc. (ACB), Endo International plc (ENDP), and HEXO Corp. (HEXO) spiked more than 9% in price last week. So, we think these stocks could be good additions to one’s watchlist.
